Initially, Grayscale BTC ETF investors booked profits by sel | Zendon on Binance Square

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Bullish

Initially, Grayscale BTC ETF investors booked profits by selling their Bitcoins, but now they have started buying again. Overall, spot BTC ETFs are accumulating, with no signs of selling for now.
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The $BTC chart highlights two key consolidation phases in 2021 and 2024, each following a significant rally. These accumulation zones suggest potential for future upward movements, as seen in past cycles. Currently, $BTC is holding strong at around $57,900, with a possible breakout projected toward the $80,000 level in the coming months. The repetitive pattern of accumulation before explosive growth sets a bullish expectation as we move into 2025. #CPI_BTC_Watch #BTC☀

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#ETF Flows Overview 📊 $BTC: -$43.9M 🔴 $ETH: -$0.5M 🔴 Some outflows but price managed to hold up relatively well by rebounding from a -4% move down during the day. Stocks closed very strong which contributed to the bounce back up. Still nothing crazy in terms of ETF flows.

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The $CTK chart shows a potential bearish trend. The price is currently below a descending triangle pattern, which suggests a downward breakout may be imminent. The 200MA is also below the price, reinforcing the bearish sentiment. However, the 50MA is crossing above the price, which could indicate a short-term bullish reversal. Overall, the chart is leaning bearish, but a close watch on the 50MA's behavior is crucial. #USNonFarmPayrollReport #CPI_BTC_Watch #TelegramCEO #PowellAtJacksonHole #XRPVictory

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$MANA continues to move within a descending channel, with a recent false breakout. A potential upward movement from the current price towards $0.3000 and beyond is possible. #MANA #Crypto #PowellAtJacksonHole #XRPVictory #CPI_BTC_Watch

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